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KevinJamesHughes

$COIN shorts are trapped! Major squeeze incoming?

Long
Coinbase Global (NASDAQ:COIN)  
KevinJamesHughes  
NASDAQ:COIN   Coinbase Global
Trend Analysis Chart Patterns Technical Indicators Contains image
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COIN shorts trapped after false breakdown. Price broke down both below the daily 50 sma (purple) and March 2024 low and then recovered. A trader bought a 275/277.50 bull debit spread risking over $200K and targeting near ATHs ($283.48).
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